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Notable India deals in Q2 2018

Debt funding: Sunsure Energy, a solar turnkey solutions provider, raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance.Read more

Aye Finance disburses Rs 700 crores loans to MSMEs

The Gurgaon-based FinTech has disbursed 60,000 loans and emerged as a leading MSME lender in India.Read more

Rs 300 million debt from SBI to Aye Finance will benefit the MSME sector

Aye Finance, one of the upcoming money lenders of Micro, Small and Medium Enterprises (MSME) has raised Rs 300 million from SBI recently. The startup will be focussing to offer an affordable line of credit to the micro and small enterprises.Read more

NLC India Ltd

NLC India Ltd (NLCIL) formerly Neyveli Lignite Corporation is a profit making, Government of India Enterprise involved in mining of lignite and generation of power through lignite based thermal power plants. NLCIL comes under administrative control of Ministry of Coal and serves as an important source of power generation to the states of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Telangana, Rajasthan and Union Territory of Pondicherry.Read more

Government's credit guarantee to reach Rs 500 billion under CGTMSE for FY19

With a view to allay the trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government has planned to more than double the credit guarantee up to Rs 500 billion for 2018-19 under the Credit Guarantee Fund Trust For Micro and Small Enterprises (CGTMSE) schemeRead more

New research highlights implementing an Industry 4.0 model could be achieved in a series of steps

A new research paper released by Siemens Financial Services (SFS) titled 'Practical Pathways to Industry 4.0' has identified six key challenges facing manufacturers in the process of moving to an Industry 4.0 model.Read more

Blockchain tech can resolve inefficiencies in India's current trade finance system

Implementing digital technologies such as blockchain, artificial intelligence (AI), machine learning and robotic process automation can resolve inefficiencies in our current trade finance system, and make the process efficient at the bank’s, buyer’s, seller’s, as well as the SME’s/MSME’s end, noted a recent ASSOCHAM-Deloitte joint study.Read more

Budget 2018: A big booster to SMEs

According to the National Sample Survey’s (NSS) 73rd round, there were around 634 trillion unincorporated non-agriculture MSMEs (micro, small and medium enterprises) in India in 2015-16 providing employment to 111 million workers. Taking into account the significance of MSMEs sector to the country’s economic development, Finance Minister Arun Jaitley announced a list of measures to help MSMEs and job creation in the budget 2018-19.Read more

Economic Survey predicts 7-7.5% GDP growth in 2018-19

As a result of a series of major reforms undertaken over the past year, India’s real GDP growth will reach 6.75% this fiscal and will rise to 7-7.5% in 2018-19Read more

L&T Finance Holdings receives Golden Peacock Award for risk management

L&T Finance Holdings (LTFH), India's leading financial services company, has been awarded the prestigious 'Golden Peacock Award for Risk Management - 2017' in the financial services category. The award will be conferred at a special presentation ceremony to be held on December 14, 2017 in Singapore.Read more

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